Arthur Laffer is the Founder and Chairman of Laffer Associates, an economic research and consulting firm, and Laffer Investments, an investment management firm. In the 1980s, his economic acumen and influence in triggering a tax-cutting movement earned him the distinction as "The Father of Supply-Side Economics." Laffer was a member of President Reagan's Economic Policy Advisory Board from 1981 to 1989 and served as Chief Economist in the Office of Management and Budget from 1970 to 1972.
More About Arthur Laffer
Arthur Laffer, Wall Street Journal, October 5, 2010
Arthur Laffer, Wall Street Journal, June 6, 2010
No matter what happens from now on, 2013 will be a very tough year.
Over the past decade, states without an income levy have seen much higher growth than the national average. Which state will be next to abolish theirs?
The problem with raising taxes on rich people is rich people have many options open to them that other people don't have, and you won't get the money.
Newt's flat tax would do a lot more to attract capital, spur growth and reduce compliance costs.